Novation Credit Union Foundation
Novation Credit Union Foundation is a private foundation, based in Oakdale, MN. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $36K in total assets. In 2025, it awarded 8 grants totaling $25K.
Novation Credit Union Foundation at a glance
In short: Novation Credit Union Foundation gave $25K across 8 grants in 2025 (avg $3K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,236
- +249.4% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $3,155
- +205.8% vs 2024
- Median grant
- $500
- Total assets
- $35,743
- +194.1% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Novation Credit Union Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Best Prep ($20K). Together the top 8 received $25K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Novation Credit Union Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $318 (2023) to $25K (2025). In 2025 it made 8 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Best Prep Brooklyn Park, MN | Educaiton Learning Progrmas for Stu | $20,000 |
| Bridging Bloomington, MN | Dressers for Low Income Familes | $2,825 |
| Hutchinson Hospital Foundation Hutchinson, MN | Stroll for Hope | $500 |
| Open Cupboard Oakdale, MN | Food Shelf | $500 |
| Every Meal Roseville, MN | Meal Packs for Low Income Familites | $500 |
| MNCUN-Cu for Kids St. Paul, MN | Benefits Children in Hospitals | $400 |
| Holiday Helping Hands Oakdale, MN | Christmas Gift to Low Income Familys | $261 |
| Hutchinson Dollars for Scholars Hutchinson, MN | Activity Sponsorship Program | $250 |
Ready to take the next step with Novation Credit Union Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $35,743 | $60,751 | $37,163 | $25,236 | 8 | $25,236 | — | $1,180 |
| 2024 | $12,155 | $5,024 | $12,760 | $7,222 | 7 | $7,222 | $576 | $872 |
| 2023 | $19,891 | $26,233 | $6,342 | $318 | 1 | $318 | $217 | $335 |
Under IRS private-foundation payout rules, Novation Credit Union Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Novation Credit Union Foundation is led by Michael Kronebusch, President on every filing since 2023; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Kronebusch
President
On filings since 2023
1 hr/week
No compensation reported
Kristi Mukomela
Vice President
On filings since 2023
1 hr/week
No compensation reported
Terry Kahle
Secretary
Secretary Treasurer → Secretary, 2025
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Novation Credit Union Foundation
How much does Novation Credit Union Foundation give each year?
Novation Credit Union Foundation gave $25K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 7 grants.
What is Novation Credit Union Foundation's typical grant size?
Novation Credit Union Foundation's median grant in 2025 was $500, and its average grant was $3,155, across 8 grants on its 2025 IRS Form 990-PF.
Where does Novation Credit Union Foundation give grants?
Novation Credit Union Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Oakdale, MN (2 grants) and Hutchinson, MN (2 grants).
Does Novation Credit Union Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Novation Credit Union Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Novation Credit Union Foundation's largest grantees?
Novation Credit Union Foundation's largest 2025 grantees include Best Prep ($20,000), Bridging ($2,825) and Hutchinson Hospital Foundation ($500), according to its 2025 IRS Form 990-PF. Together they received 92% of its itemized 2025 grant dollars.
How large is Novation Credit Union Foundation?
Novation Credit Union Foundation reported $36K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
What is Novation Credit Union Foundation's EIN?
Novation Credit Union Foundation's EIN (Employer Identification Number) is 92-2763426. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 25, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2023–2024
Explore Open Grants
Browse active grant opportunities in Novation Credit Union Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Culp Family Foundation
Edina, MN
The Minnesota-based Culp Family Foundation supports preselected charitable organizations; its 2024 filing reported one grant of $72,933 to a Pennsylvania recipient as part of winding down its operations. It does not accept unsolicited funding requests.
Assets
$68K
Grants
1
Total Given
$73K
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Ch Robinson Worldwide Foundation
Sioux Falls, SD
The foundation funds community needs, supply-chain and logistics initiatives, and environmental sustainability, with a Twin Cities program focused on hunger, shelter, K–12 education, and workforce development. Its 2024 grants ranged from $750 to $2.69 million, with a median of $5,000; its Twin Cities program focuses on Minneapolis–St. Paul, while grants also went to organizations elsewhere. The Strategic Industry program is invitation-only, while the Twin Cities program has an application process.
Assets
$18.2M
Grants
87
Total Given
$4.0M
The Graco Foundation
Minneapolis, MN
The Graco Foundation funds local nonprofits, especially near its U.S. facilities, for capital projects, programs and technology, with emphasis on STEM education, workforce development and youth empowerment. In 2025, grants ranged from $500 to $214,000, with a median of $10,000; it prioritizes Minnesota and other states where Graco has facilities. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$25.3M
Grants
38
Total Given
$1.6M
The Luther Family Foundation
St Louis Park, MN
The Luther Family Foundation supports nonprofits working in areas including health care, food assistance, youth activities, and services for people in need, primarily in Minnesota, with some grants in Wisconsin, Indiana, and Arizona. Its 2024 grants ranged from $5,000 to $300,000, with a median of $15,000. It requests a brief description of the applicant and proposed use of funds; the profile does not state whether it accepts unsolicited requests.
Assets
$10.3M
Grants
26
Total Given
$858K
The James M Stanton Foundation
Bloomington, MN
The James M Stanton Foundation supports preselected charitable organizations working in areas represented by its grants, including health, hunger, youth and family services, employment, veterans, arts education, and homelessness. In 2026, grants ranged from $20,000 to $2 million, with a median of $100,000; most funding went to Minnesota, with additional grants in Colorado, Kentucky, and California. It does not accept unsolicited funding requests.
Assets
$14.0M
Grants
29
Total Given
$6.2M
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Novation Credit Union Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Novation Credit Union Foundation down — hundreds of funders to go?